In the mid-budget review of FY 2024-25 before the budget amidst the increasing emphasis of exclusion and increasing emphasis of protectionism in the Vahik Vahik trade, the emphasis has been laid on ease of making business easier by reducing the burden of regulations at the state level. Along with this, it has been said to use Artificial Intelligence (AI) with prudence.
The reviews stated that these policies will promote investment and efficiency to ensure continuous and inclusive growth rates in the next decade. Also, by 2047, the goal of ‘developed India’ can also be achieved. However, to achieve this goal, there is a need to create about 80 million jobs every year, to link Indian business to the Vaizi Price Series and increase the share of manufacturing in the economy.
The review reviews estimated that the growth rate of the economy in the next financial year will remain in the range of 6.3 to 6.8 per cent, which does not exceed 6.4 per cent advance estimate for FY 2025. Last year’s review was estimated to be 6.5 to 7 percent for the GDP growth for the current financial year. In view of the fear of a large number of jobs from AI, AI has appealed to the Indian industry to show high level of social responsibility from the Indian industry. Underlining the impact of AI on labor in India, the other review said that the impact of AI on labor will be felt worldwide, but in view of the size and relatively low per capita income of India, it has more impact in the country. Can In this document of the Finance Ministry, companies have been warned that if they do not use this new technology in a judicious manner, then policy intervention will have to be made for the compensation of people who lost jobs and will have to tax them.
Citing a document of the International Monetary Fund, the other review was warned that the government may be forced to impose tax on profits from the use of technology in exchange for labor to raise those resources. When asked that such a tax has been favored in the review review, Nageswaran clarified that this is a fantasy but can become a reality. But in the review, no indication of taxing companies has been given at all.
In view of the excessiveness in Vahi Shwik trade, the economic review has emphasized that India will have to promote its domestic demand. The pre -budget document states that businesses have to spend some money to comply with most regulations. The review suggested states to reduce the burden of regulation, make the mechanism equal, make a generous standard. Along with this, attention should be paid to removing the ban on women working in factories, reducing the burden burden.
The government was shocked by the Land Acquisition Act and uncertainty about the Labor Code is still intact. Meanwhile, in the surprise, it has been said that states should remove land, labor and house related regulations so that business ease can improve.